Established by Fathi Ibrahim Bayoud 2005 - Homs

New US tariffs against WTO rules: Turkish ministry

Business | 2018-08-10 21:15:00
New US tariffs against WTO rules: Turkish ministry
   Turkey to continue defending interests of exporters on every international platform, Trade Ministry says
The new U.S. tariffs on Turkey are against the rules set by the World Trade Organization (WTO), the Trade Ministry said on Friday.

"Turkey, as it determines and implements its own trade policy in compliance with the World Trade Organization, expects other member countries to comply with international rules," the ministry said in a press release.

It added: "We will continue to support our iron, steel and aluminium exporters by defending their interests against illegal practices of other countries on every international platform, especially WTO."

President Donald Trump announced that the U.S. has doubled aluminium and steel import tariffs on Turkey, fixing them at 20 percent and 50 percent respectively.

The ministry added: "The U.S. will continue to be our important trading partner."

Turkey's iron, steel and aluminum exports to the U.S. were $1.1 billion in 2017 -- 0.7 percent of the total exports.

Turkey's imports from the U.S. were worth $1.3 billion in 2017, the ministry added.

"The real losers of decisions taken by the U.S. administration are producers, private sector, and exporters of both countries," the statement concluded.

Anadolu Agency
Keywords:
Comments (0)

Post Your Comments

fill all fields below
*This confirmation code will prevent auto submit
X :Latest News
Israeli jets strike eastern Gaza: Witnesses      Explainer: Does Islamic State still pose a threat?      Jordan's PM appeals for more aid as most Syrian refugees set to stay      Britain strips citizenship from teenager who joined Islamic State in Syria      Funds raised for Syrian refugees who lost all seven children in Canada fire      Spanish king speaks out during Catalan separatists' trial      Three MPs quit May’s Conservatives over ‘dismal failure to stand up to’ hard Brexiteers      Germany resists pressure to ease Saudi arms export halt